Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.

While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.

Thursday, July 22, 2010

The Australian regulator ASIC is finally investigating the disclosure of Contract for Difference (CFD) market makers. This action is well due because customers are not being adequately prepared for trading CFDs. It is really a form of high-stakes gambling. Unless you know what you are doing there is a strong chance of losing a lot of money.

My advice to clients investing in CFDs is to use them as if you were investing your own money, i.e. on zero leverage, and then slowly increase your leverage in increments as you become accustomed to the product. When many people do is:

1. Abuse this market leverage and are never comfortable trading with it, so they overtrade

2. Abuse the leverage and set stops, and always find that they are being stopped out, ie. mostly losing trades

3. Not using stops and losing great amounts on trades, particularly if they have been enthralled by an earlier big gain.

Are you aware that you can buy a house & lot in Japan for as little as $10,000. Surprising but true! Japan is a large market, with a plethora of cheap properties up for auction by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. Some property is in rural areas subject to depopulation, but there are plenty of properties in the cities too. I bought a dormitory 1hr from Tokyo for just $US30,000.You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 200-page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.Japan Foreclosed Property 2011 - 2012 eBook - $19.95Download a copy of the table of contents.

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About Me

Andrew is a consummate thinker, investor, writer and exponent of all things rational. He is a public exponent of 'critical thinking', writing on topical issues in the global media. Too much of what we read today is accepted uncritically because people have not been trained to think. Westerners are generally stronger in this regard than people from developing countries, however there is so much room for improvement.
The steps you can do to change this is:
1. Read material that challenges you.
2. Do things that challenge you.
3. Associate with people who challenge you.
4. Develop self management systems to perform these tasks 'systematically' every day of your life.
5. Expand those systems to incorporate other like-minded people in your 'sphere of influence'.